dan, good to have you here. walk me through this math. you're saying the average american is going to put 54% less into savings this year because if we go over the fiscal cliff? explain. >> yeah. let's go back, michelle because the amount of taxation on an average household is effort mated at $2600, and right now the average savings -- bank savings per household is $5,000. so, yes, this would reduce the amount available for savings by more than half. >> when taxes have gone down, have you seen a subsequent rise in savings and what people put away? >> absolutely. this is the analysis that they did, they compared the two before the tax cuts and after the tax cuts and we saw two things, overall deposits in banks doubled during the tax cut period since 2001 from $4 trillion to $8 trillion. so there was a doubling of the amount of money that consumers deposited in banks and on the levels, as i mentioned before increased from about $2500 a year average to about $5,000. >> it's not that savings will decline. it just will not grow as fast as it c